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iconectiv to Show Off New Fraud Protection

Fraud & Identity Featured Article

iconectiv to Show Off New Fraud Protection

March 17, 2017
By Steve Anderson Contributing Writer

Carrier networks are facing more demand than ever these days, and with that spiraling increase in demand comes a likewise increase in potential fraud. With over two billion people a day connecting, if even just a sliver of that is fraudulent, we're still talking millions of fraud cases. That's why iconectiv (News - Alert) has some new options for carrier networks looking to better protect against fraud.

More specifically, Chip Stevens—iconectiv's director of product management—offered a keynote at the opening day of an upcoming industry event. During said keynote, Stevens offered insight into the issues that networks face in terms of potential fraud, as well as some means of protecting against those issues as well as preventing some of these from ever becoming issues in the first place.

Stevens himself is well-placed to speak to these points, as he was previously the product manager at VeriSign (News - Alert) Communication Services. He has over 20 years' experience in both mobile security and risk operations, and currently handles carrier revenue assurance solutions for iconectiv, giving him plenty of insight into the entire range of potential fraud and possible solutions for fighting it.

Ahead of his remarks, Stevens commented, “As networks grow more complex, service providers may find themselves unprepared for the sophisticated fraudulent attacks that target their infrastructure and erode their revenue. Fortunately, the latest anti-fraud deployments from telecom innovators proactively identify and neutralize threats long before they can threaten subscribers or disrupt network ecosystems.”

In the end, being proactive is what carrier networks will have to do in order to best attack fraud and similar issues. Trying to repair fraud after the fact is when the worst of the damage is done; the company has lost revenue and potentially lost customers due to network performance issues. Granted, no company can prevent all fraud. Prevention, however, must be the clear focus; the more fraud that never takes place to begin with, the better off the company is.

Protecting against fraud is a vital move for all carrier networks out there, and Stevens' remarks should provide some clear value and insight for networks looking to protect themselves. Regardless of the source, though, carrier networks need to do what they can to stop fraud before it happens, rather than respond to it after the fact.

Edited by Alicia Young

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